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20121201
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by jamelle buoy. a staff writer for the american prospect magazine and "washington post" reporter, suzy kim. kevin williamson, dep deputy mag editor and a nonprofit group that advocates for social and economic equality. we're one day away from what most media are calling the fiscal cliff. if political concoction enacted by congress to frighten itself into passing deficit reduction measures which means unless congress acts in the next 48 hours the bush tax cuts will expire along with federal unemployment insurance and a broad package of the spending cuts including defense spending will take effect. do weeks of fruitless negotiations and john boehner and senate leader are working on a deal this morning to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax r
of closed car door talks lawmakers in washington left town for the holidays on friday without an agreement to avert what we're calling the fiscal curb. a series of automatic tax increases and spending cuts to take affect a week from now. a moment this week, the two sides seemed on the cusp of a deal. that would have involved at least one major concession from president obama. to cut social security benefits. the cuts wouldn't have been direct. they would have come from a tweak to the way the social security benefits are calculated. here's how it works. right now the amount of money a retireee gets from the government gets is changed due to the index. when inflakes goes up, social security recipients see their payments go up the same amount to keep up with the cost of living. obama proposes switching to "chained cpi. "the name is opaque but the name is simple. the chained cpi rises more slow lie than regular cpi. if you yoois chain cpi to calculate social security benefits the amounts of the social security checks will rise more slowly, as well, against inflation. for about two days, this m
it would rise, the policy conclusions that people come to, washington would now be on fire with policy discussions. with official policy discussions about -- and no one would say don't politicize the tragedy of someone named abdullah mutallab walking into a school. >> that's what honors the children and the mother of adam lanza who was killed. right before the first presidential debate, i went to virginia tech. colin goddard, one of the victims, one of the 33 who didn't die but has three bullets in him you today. took me through the place where he was shot up and where his teachers were killed at virginia tech. i was with him because the next day, president obama and mitt romney would be holding their first debate at the university of denver, and he was leading the campaign, to get the moderator, jim lehrer, the pbs host, to ask the question about gun violence. after all, the debate was taking place in colorado. you had oaurora about that. tens of thousands of signatures, was a question asked? no. >> and basically both candidates did everything they could to not address guns. it was li
Search Results 0 to 2 of about 3